The company, a subsidiary of the Grosso Group, acquired a 100% interest in 460.5 hectares of the mid-grade Rincon West lithium resource at the Rincon Salar in Salta Province in 2021, with a further 3,282 hectares of claims available. Drilling began last year, with an initial programme of nine diamond drills, which have produced ever more positive lithium brine values, including a 153m interval ran...Read More
Putting local content at heart of ESG effortsSPONSOREDsaudi ministry of industry and mineral resourcesBarksdale has line of sight on Sunnyside permitSPONSOREDbarksdale resourcesMid-tier Aeris on copper growth trajectorySPONSOREDaeris resources Alma in right commodity at right addressSPONSOREDalma metalsThe deal, inked on March 6 by UK business and trade minister Nusrat Ghani and Canadian minister...Read More
Zenith Minerals executive chairman David Ledger tells Mining Journal the company is leveraging its pedigree in exploration, with progress at its lithium assets, gold and base metals deposits, zinc joint venture and new project.Read More
Putting local content at heart of ESG effortsSPONSOREDsaudi ministry of industry and mineral resourcesBarksdale has line of sight on Sunnyside permitSPONSOREDbarksdale resourcesMid-tier Aeris on copper growth trajectorySPONSOREDaeris resources Alma in right commodity at right addressSPONSOREDalma metalsFor the small army of investors that backed Sirius, there may one day be a silver lining, assumi...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Traders are waiting for testimony on U.S. monetary policy in front of the U.S. Senate Banking Committee by Federal Reserve Chairman Jerome Powell starting at 10:00 AM EST. Dick's Sporting Goods added $6.66 to $138.80 after reporting higher than consensus fourth quarter revenues and earnin...Read More
Remember Modern Monetary Theory or "MMT"? I first sounded the alarm back in 2018 and then again in 2021.At the time, MMT was all the rage among monetary and fiscal policy wonks. It seemed to offer the best of all possible worlds. You can spend as much as you want without any downside.The main tenets of MMT are that debt and deficits don't matter because the Fed can monetize the debt by printing mo...Read More
Prices and supplies of critical metals will increasingly hinge on government policy and geopolitical tensions, three of Canada's top bankers said Monday at PDAC.Speaking on a panel moderated by Northern Miner Group president Anthony Vaccaro, part of the "Peaks and valleys in mineral sector financing" session on the second day of the conference, executives from three of Canada's five major banks s...Read More
The creation of a lithium cartel in South America could drive away investment, according to Ana Cristina Cabral-Gardner, CEO of Sigma Lithium Resources (TSXV: SGML).Argentina, Chile, Bolivia and Brazil are analyzing the creation of a group in charge of expanding South America's processing capacity, turning more of their mined lithium into batteries, and tapping into the electric vehicles manufac...Read More
This week's episode features Dean McPherson, head of business development for global mining at TMX Group, in conversation with Northern Miner host Adrian Pocobelli. Dean explains why Canada continues to remain the preeminent jurisdiction for mining companies to both base their headquarters and be listed as public companies. He also describes how companies graduate from the TSX Venture Exchange to...Read More
Ottawa awarded six critical minerals companies a total of $14 million on Tuesday to help them develop technologies to mine or process metals bound for electric vehicles. East Coast rare earths explorer Search Minerals (TSX.V: SMY; OTC: SHCMF) gets $5 million; about $3.5 million is for Alberta-focused E3 Lithium (TSXV: ETL; OTC: EEMMF), which got $27 million from federal innovation funding last...Read More
The global transition to clean energy is creating unprecedented demand for minerals the sector produces. Minerals such as lithium, silicon, copper, and cobalt are vital if the world is to power electric vehicles, build wind turbines, scale-up solar photovoltaics, create new power grids, and energy storage. Emerging technologies in hydrogen fuel cells and carbon capture may boost demand for platinu...Read More
Multinational miner Vale (NYSE: VALE) and University of Toronto have launched what they describe as a first-of-its-kind partnership aimed at developing more sustainable mining solutions and the talent needed to create them.To support the partnership, which will focus on decarbonization and the energy transition, the base metals miner will contribute $1.6 million over the next three years to the un...Read More
As we enter 2023, the transition toward clean energy is intensifying. In some areas of the globe, carbon neutral idealism is giving way to a panicked "War on Carbon" as the impact of climate change becomes more tangible, and unfortunately disruptive, to the average person. As regions like Europe experience unprecedented winter warmth and the southwest United States grapples with an unusual dichoto...Read More
NioCorp Developments (TSX: NB; US-OTC: NIOBF) saw its shares rally on Monday following the announcement that it has received interest from the Export-Import Bank of the United States (EXIM) for a potential financing of up to US$800 million for the company's proposed Elk Creek critical minerals project.The funding, should it be granted, will be provided through EXIM's "Make More In America" initiat...Read More
Robert Friedland, founder and executive co-chair of Ivanhoe Mines (TSX: IVN), says the West shouldn't go to war over Taiwan because it needs investment from China to mine metals for the global green energy transition. Canada's order last year for China to divest from Canadian companies' critical minerals projects deprives junior miners when investment bank Goldman Sachs says US$2.8 trillion i...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence. TNM Drill Down Feb. 24-Mar. 3, 2023.Projects on three corners of the planet led results for the Feb. 24 to March 3 period. Rox Resources' (ASX: RXL) Youanmi project in Australia topped the chart followed by Dundee Pr...Read More
After 15 years funding Canadian exploration in more than 450 financings advancing billions of dollars to hundreds of issuers on behalf of thousands of clients, we at PearTree share the sector lament best said by the late comedian Rodney Dangerfield: "I get no respect." (Those under 45 are now hitting YouTube - as you should, in which case our job here is mostly done.) Over the past three years...Read More
When Golden Arrow Resources (TSX: GRG; US-OTC: GARWF) learned that Japan's Sumitomo Metal Mining wanted to exit Chile and was putting its San Pietro copper-gold-cobalt project on the market, the Canadian junior explorer had the wherewithal to pounce. Flush with cash from the sale in September 2019 of its Chinchillas silver mine to SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) in a cash-and-share...Read More
The shift to green energy will demand the use of all metals, not just critical in a multi-trillion dollar industrial transition, said McKinsey's Ken Hoffman at PDAC in Toronto on Sunday.Delivering the first keynote speech of the four-day conference, Hoffman, who is head of the consultant's battery raw materials team said that key critical metals like lithium and cobalt will be needed for the trans...Read More
Fortified with fresh leadership and financial backing, Canagold?EUR?Resources (TSXV: CCM; US-OTC: CRCUF) is advancing its 100%-owned New Polaris flagship project in northwestern British Columbia with fresh high grade drill results and plans for a revised resource estimate in the first quarter of 2023. On Feb. 6, the Vancouver-based junior reported assay details for 21 drill holes from the 2022 ex...Read More